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Article: Safeguard Scientifics Reports 2Q Financial Results.(Financial report)
- Article from:
- Health & Beauty Close-Up
- Article date:
- August 9, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Safeguard Scientifics, a holding company for growth-stage life sciences and technology companies, announced second quarter results.
In a release dated August 5, the company stated:
- Net income from continuing operations attributable to Safeguard common shareholders in the second quarter was $146.2 million, or $1.20 per share, compared with a net loss of $7.5 million, or $0.06 per share, in the same period of 2008.
- Second quarter results reflect recognition of an unrealized gain in income from continuing operations of $106.0 million stemming from the deconsolidation of Safeguard's holdings in Clarient, and an additional gain of $52.5 million ...